MP Jacob Rees-Mogg defends his right to earn from second job
An MP who earns £11,000 a month away from Parliament has defended his right to keep a second job.
House of Commons records show North East Somerset MP Jacob Rees-Mogg received around £132,000 in the year to August from his company Somerset Capital Management. The Conservative MP works 35 hours a month in return for the cash.
Yesterday the Independent Parliamentary Standards Authority published proposals to reform the way MPs are paid. Options being explored include docking the pay of those with second jobs and culling generous final-salary pension schemes.
Mr Rees-Mogg said he had chosen not to claim personal expenses and to maintain his other job before being elected in 2010.
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Asked about the new proposals, said: “I’m relatively relaxed about it. I don’t want to make it revolve around my own case, because I don’t think it does.”
The Tory said there were “very good arguments” in favour of the move, like keeping down the cost of politics to taxpayers. But he said there was also a danger of giving rich candidates a campaigning advantage, because they could tell voters: “You can have me for half the price of my opponent.”
An MP's basic salary is £65,738, and they are paid more if they serve on committees or are made ministers.